Nifty : Brearish Engulfing Pattern

Nifty has formed bearish engulfing pattern on weekly charts as this weeks candle engulfed last two weeks candles so we could see some more selling in coming week.

CNX Pharma

CNX Pharma has formed a bearish engulfing pattern on weekly chart after a strong run up so now one should become cautious in longs in pharma stocks.

Nifty Monthly Chart

Nifty formed a bearish engulfing pattern on monthly charts, indicating further decline in coming months.

Nifty Weekly Chart

Nifty has formed a bearish engulfing pattern on weekly scale indicating further fall, last time when same pattern was formed in November nifty fell more than 350 points after that.